Moore Threads Technology Co., a leading Chinese artificial intelligence chipmaker, will begin trading in Shanghai’s stock exchange on Friday in the year’s second-largest onshore IPO.

Australian data center group NextDC Ltd. and ChatGPT-developer OpenAI have agreed to partner on the development of a large-scale data center in Sydney.

Hewlett Packard Enterprise Co. shares declined in extended trading after the company gave an outlook for sales in the current quarter that fell short of high expectations for the AI server business.

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.

Apple Inc. hired Meta Platforms Inc. Chief Legal Officer Jennifer Newstead as its general counsel, part of a wave of executive changes at the iPhone maker.

Vivian Tu, Your Rich BFF founder and SoFi’s Chief of Financial Empowerment, tells Romaine Bostick on “The Close” that her new book will guide people through affording major purchases, managing money with loved ones, planning for retirement, and building generational wealth. (Source: Bloomberg)

Oil held a two-day advance as investors weighed the next steps for talks on a ceasefire in Ukraine, and signs of a swelling surplus.

Mohit Mittal, PIMCO Managing Director and CIO of Core Strategies, discusses PIMCO’s big bond bet with Romaine Bostick and David Gura on “The Close.” He says volatility is here to stay, but it also creates very exciting opportunities in fixed income. (Source: Bloomberg)

As traders pile into wagers for an interest-rate hike from the Bank of Japan this month, they’re still missing the risk that Japanese interest rates will need to march even higher to quell inflation, according to Vanguard Group Inc.

Stacy Spikes, MoviePass CEO, speaks with Romaine Bostick on “The Close” about the company’s new platform, Mogul. He says the company sees Mogul as an engagement tool and a way for fans to play and compete with each other in a whole new way. (Source: Bloomberg)